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Opendoor CEO used scholarship cash to become big landlord

In college, Opendoor CEO Eric Wu was an enterprising, if geeky, young man. He used money from a scholarship at the University of Arizona to build a small rental empire during the housing boom, he revealed in a new CNBC profile. The article underlined his tech and property management expertise while offering some insight into how […]

Famous California ‘Murder Mansion’ hits the market for $3.5M

The Los Feliz mansion, where cardiologist Harold Perelson once killed his wife with a hammer in 1959, is up for sale for $3.5 million. Source: click here

KW, Realogy, RE/MAX and HomeServices slap back at ‘bombshell’ antitrust lawsuit

The big residential brokerage franchisors and holding companies filed a motion on May 17 to dismiss the class action lawsuit filed by homeseller Christopher Moehrl seeking to upend the traditional commission structure in the real estate industry.  Source: click here

Amazon HQ2 sent home prices skyrocketing in VA neighborhood

Six months after Amazon said it would build a major office in Arlington County, Virginia, home prices in the area have risen by $110,000. Source: click here

Connect Las Vegas: Throwback to Compass and Realogy CEOs sharing their vision

Earlier this year, Realogy CEO Ryan Schneider and Compass CEO Robert Reffkin took to the stage at Inman Connect New York to discuss their differing visions for the residential real estate market. What transpired was a powerful session that highlights two leaders shaping the future of real estate. If you’re a regular at Inman Connect, then […]

SEC charges real estate developer with fraud in Ponzi scheme

The U.S. Securities and Exchange Commission (SEC) filed an emergency action Thursday against New York State real estate developer Robert Morgan, accusing him of fraud for siphoning and misusing investor funds. The SEC is seeking an asset freeze and other emergency relief, including the appointment of a temporary receiver over the relevant funds. Robert Morgan […]

Moving to a new market? Here’s how to start on the right foot

To offer your clients the most valuable service, you have to learn everything your prospects might want to know about your new market. If you find yourself starting over, here are some tips to make it a little bit easier. Source: click here

Why don’t we think about clients’ specific needs?

Other than that narrow exception that agents make for first-time homebuyers, agents don’t think of clients as having specialized needs that require customized solutions. Instead, agents provide a cookie-cutter approach to standardized service with the same scripts, the same materials, the same programs. That needs to change. Here’s how. Source: click here

We’re better than this: Stop trolling other Realtors

In case you missed it, when the National Association of Realtors announced that President Donald Trump would speak at NAR Midyear, trolling from both sides of the aisle ensued. Here’s why it’s not only unprofessional, but also against the Code of Ethics. Source: click here

Realtor.com lays off Arizona sales team, consolidates in California

The team in Scottsdale had been working on realtor.com’s lead generation and marketing products, which are geared toward real estate agents. Now, all those sales efforts at realtor.com will be consolidated into an office in Westlake Village, California, about 37 miles northwest of downtown Los Angeles. Source: click here

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